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Published October 26, 2011

Industry still lagging on infrastructure

The lack of proper financial infrastructure is holding the industry back, according to multiple conversations held at Sibos 2011 in Toronto.

Date: October 26, 2011
Author: Peter Hoflich
Categories: Payments, Transaction Banking
Keywords: Sibos 2011, SWIFT, BNY Mellon, Tim Kearney, INTTRA, HSBC, CCP, Timothy Lane, Bank of Canada, Lawrence Sweet, Federal Reserve Bank of New York

Government officials and regulators have concluded that more robust financial infrastructure could have mitigated the systemic risk that built up in the financial crisis. But three years have passed since the collapse of Lehman Brothers, with very little decision on the matter of how to go about cen...

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